Automakers had protested that 2016 hike, saying it could increase industry compliance costs by $1 billion

Brent crude was down $0.25 to $68.77 a barrelr

Fears China, US will dominate global chip making, hopes to create Asian data centre hub to spur demand

Chairman remains confident despite crippling sanctions

UK fully left EU's orbit in Dec 2020 by which many banks and other financial firms had relocated

Some firms opt for small plants that are light on expensive equipment

Amid weak Asian data, more lockdowns, OPEC believes market does not need more

Chinese regulator tightens scrutiny

Weathers concerns over slowing demand due to spread of Covid variants

Raise concerns about impact on economies in region, particularly Pakistan